Typically 10-12%, unless you have a pretty big portfolio.What about water/sewer, lawn care, snow removal, and admin/professional costs.I bet you end up between $800-900/month cash flow, but that's still really solid!

Located next to a newer Walgreens, Ruby Tuesday and popular liquor store with an Applebees, Outback Steakhouse and Starbucks nearby.I was being what I feel is conservative and estimating $7,000/yr for repairs and another $10,000/yr for CapEx, plus $2,000/yr for snow/lawn care and 8% vacancy allowance or $8,200/yr.Any advice, tips or suggestions would be greatly appreciated!

Always include, even if you plan to self-manage at first.What about water/sewer, lawn care, snow removal, and admin/professional fees?

Here in Georgia if they mention the word snow in the  forecast you can be assured the store shelves will be empty of milk, eggs, bread and bottled water.

I was letting folks get 100% refunds before and have always done it when the roads closed due to snow. 

The property is in New York, so has to be able to withstand all four seasons and snow.

I use 15% when combined with repairs.What about lawn care and snow removal?

Confirm with local water authorityLawn care/snow removal: $50-150/month depending on location and property specificsOther shared utilities: Property dependentTrash removal: Property dependentPest control: Property dependentProfessional/Admin fees: $25+/month depending on the size of the property to cover tax filings, advertising, etc.

.), Home Office Expenses, Travel Expenses, Snow Removal, Landscaping, Pest Control, etc., HOA Fees, Business Meals (50% deductible), that doesn't stop you from cash flowing growing equity and someday retiring wealthy.

Open roths...Also consider yard work, snow removal, cleaning...Photo has the benefit of being its own proof.